Here is your opportunity to own a lakefront compound that includes 4 lots in total with your own boat ramp on Lake Brant. Each lot measures 40ft x 80ft. Large kitchen features plenty of hickory cabinets, dual ovens and is open to living room. Entire main level has infloor heat. Living room features projection TV with whole home audio and slider to patio with lake views. Two sizeable bedrooms with large walk-in closets and in-floor heat on upper level. Hickory trim and 3 panel hickory doors throughout. 9000 watt generator hooked up to home. Water and sewer on 3 of the 4 lots which provides plenty of room for expansion. Forty feet of beached shoreline to enjoy those summer sunsets with a bonfire and making memories with your family. Sale includes more than 60 feet of dock. (2) 110 amp outlets and (2) 220 amp outlets for campers on the property. Back two lots have a metal storage/workshop building with propane heat and another oversized double garage.
ROLLING HILL DR., RUNNING WATER, SD - $55,000
ONE LOT AVAILABLE! Own your own slice of heaven near the village of Running Water. Beautiful Missouri River views with public access nearby. If you are a hunting enthusiast there are public hunting grounds close by filled with deer, turkey and waterfowl.
Looking for a peaceful setting with wonderful wildlife habitat and cover for deer and pheasants? Look no further than this 24.96-acre parcel with building eligibility. Only 30 minutes from Sioux Falls and includes pasture land, shelter belts, creek and 6 +/- tillable acres. Must see the layout of this property to appreciate its beauty. Part of parcel in the flood plain because of the creek running through pastureland. Big Sioux Rural Water, Sioux Valley Electric and Goldenwest Communications all available at the site.
712 E. 6TH ST., DELL RAPIDS, SD
Here's a gem that needs polishing up! Put your skills to work bringing this beauty back to life! Hardwood floors on main floor, tall ceilings, wide woodwork, bay window, good sized rooms and more. New roof in 2015, new water heater in 2021, updated electric panel with breakers, all Pex water supply lines, floor insulated under main floor bedroom and kitchen. Large 22x40 garage, 12x16 storage shed in backyard, private backyard area and covered side porch with newer decking. There are even chock cherries and raspberries to enjoy!
117 W. Elm St., Brandon, SD | $499,900
This is a beautiful 5 bedroom, 4 bathroom home. Includes main floor 1/2 bath and laundry room. Kitchen and dining area have LVP flooring, cupboard space galore, and a slider glass door to a paver patio, hot tub, huge backyard, privacy fence, and corner lot. The living room has a gas fireplace, bay window, shiplap wall, vaulted ceilings, and the entry way is large, tiled, and has a generous sized coat closet. Large master bedroom has master ensuite 3/4 bath and walk-in closet. Three bedrooms on the same level along with a second tiled full bath. The lower level has a family room with garden level windows, another 2 bedrooms, and full bathroom. There is also a second family room with a bar, and egress window. It boasts another storage room separate from the mechanical room. The 3 stall garage completes this fantastic home and includes a gas heater, water drain, and hot/cold water. 2020 roof!
RASE 2022 HOUSING MARKET STATISTICAL REPORTING
-46.7% Change in Closed Sales
+11.6% Change in Median Sales Price
-0.2% Change in Inventory
MONTHLY INDICATORS: 2022 was a turbulent year for the U.S. housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existinghome sales down month-over-month and falling 37.8% and 35.4% year-over-year, respectively, according to the National Association of REALTORS® (NAR). Higher mortgage rates are also impacting prospective sellers, many of whom have locked in historically low rates and have chosen to wait until market conditions improve before selling their home.
New Listings in the Sioux Falls region increased 14.5 percent to 276. Pending Sales were down 29.0 percent to 350. Inventory levels fell 0.2 percent to 920 units.
Prices continued to gain traction. The Median Sales Price increased 11.6 percent to $289,000. Days on Market was down 1.4 percent to 72 days. Buyers felt empowered as Months Supply of Homes for Sale was up 15.0 percent to 2.3 months.
Economists predict sales will continue to slow and housing prices will soften in many markets over the next 12 months, with larger price declines projected in more expensive areas. However, national inventory shortages will likely keep prices from dropping too much, as buyer demand continues to outpace supply, which remains limited at 3.3 months, according to NAR. Even if prices fall, many prospective buyers will find it difficult to afford a home in 2023, as higher rates have diminished purchasing power, adding hundreds of dollars to monthly mortgage payments.
+78.6% Price Range With the Strongest Sales: $800,001 to $900,000
+9.1% Construction Status With Strongest Sales: New Construction
-6.4% Property Type With Strongest Sales: Condo-Townhouse Attached
HOUSING SUPPLY OVERVIEW: In an effort to attract buyers amid slowing traffic and declining home sales, U.S. homebuilders have been increasingly reducing prices and offering sales incentives this year. According to the National Association of Home Builders, 36% of single-family homebuilders reported cutting prices as of last measure, with an average price reduction of 6%. Meanwhile, 59% of builders reported offering sales incentives, including price discounts, paying closing costs or fees, and offering free upgrades or price discounts, among others. For the 12-month period spanning January 2022 through December 2022, Pending Sales in the Sioux Falls region were down 13.8 percent overall. The price range with the largest gain in sales was the $800K to $900K range, where they increased 78.6 percent.
+17.6% Change in New Listings
-47.7% Change in Closed Sales
+11.5% Change in Median Sales Price
The overall Median Sales Price was up 14.7 percent to $296,000. The construction type with the largest price gain was the New Construction segment, where prices increased 20.8 percent to $350,300. The price range that tended to sell the quickest was the $200K to $250K range at 63 days; the price range that tended to sell the slowest was the $1M and Above range at 98 days.
Market-wide, inventory levels were down 0.2 percent. The construction type that gained the most inventory was the New Construction segment, where it increased 2.9 percent. That amounts to 2.2 months supply for Single-Family homes and 2.8 months supply for Condos.
500 S. QUARTZITE AVE. - TEA, SD
2 bath plan features easy living and design sure to please. High inviting entrance with always warm In Floor Heat throughout entire home.Granite counter-tops and kitchen back splash tile accents with eat in island. There is plenty of room in the master suite which includes walk in Tiled shower with large walk-in closet. Oversize 3 stall heated garage. Mechanical room doubles as a storm shelterwith 8” thick fully reinforced concrete walls poured with 4’ footings below and double doors for worryfree storm protection. Large Covered front and back patios for sitting. Located in Boulder Addition in Tea just S. of new HyVee.
$435,000
505 S. QUARTZITE AVE. - TEA, SD
This zero entry 1,543-sq.ft., 3 bedroom, 2 bath plan features easy living and design sure to please. High inviting entrance with always warm in-floor heat throughout entire home. Quartz counter-tops and kitchen back splash tile accents with eatin island. There is plenty of room in the master suite which includes walk-in tiled shower with large walk-in closet. Oversize 3 stall heated garage. Mechanical room doubles as a storm shelter with 8” thick fully reinforced concrete walls poured with 4’ footings below and double doors for worry-free storm protection. Large covered front and back patios for sitting.
